Comment Re:Two letters: (Score 2) 103
For every complex problem there is an answer that is clear, simple, and wrong.
The problem is that distribution networks are highly regulated monopolies, many of them operating in the red because of fire-related lawsuits or government-mandated rate limits that don't respect the costs. They have no real incentive, and in some cases no funding, to expand to meet the ever-increasing demand.
There's a long backlog of electricity producers waiting to be connected to the distribution network, but that network is expanding very slowly.
Meanwhile, supply meet demand. Consumer demand is increasing, AI demand is increasing, all uses of electric power are seeing increasing demand. The supply is choked by the distribution network. Increasing demand, limited supply -> increased price.